Founded in 2007, Lucid Motors is an American automotive company specializing in electric cars. It is based in Newark, California with 1300 employees. (Founded in 1971, PIF is a sovereign wealth fund owned by Saudi Arabia, founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. The PIF has a portfolio made up of approximately 200 investments in the fields of telecoms, aerospace, energy, green technologies, and security. DubaiBeat previously reported their $3.5 billion investment in Uber here).

A group of Saudi investors announced investing in Vertex ICO, a blockchain start-up.

Vertex is creating a market and a token that combines trading, venture capital experience, and fair-value based tokenization. Vertex also oﬀers an aftermarket for ICOs, which will provide investors with opportunities to get returns and bring more ﬁat resources into cryptocurrency markets. (Among investors in the Vertex ICO you can find arab investors like Naif Al Rajhi, Abdullah Al Othaim, Bander Al Rajhi and Abdulaziz Bin Sultan). More details here.

The shares was bought at around $11 each, below the $13.10 price shares closed at before earnings were released. Alwaleed and Kingdom holding has investment in other technology companies such as Lyft, JD.com and Twitter. (More details here)

Founded in 2016, Trukker is deemed as the "UBER of trucks". They have a tech-enabled trucking network where their clients can make a booking using their website and mobile applications. The Dubai-based company is currently working on establishing their business in the Eastern and Western regions of Saudi Arabia. (Established in 2015 by Almajdouie Holding LLC, Raed Ventures specializes in investments like seed and early stage, prioritizing startups in the fintech sector in Saudi Arabia and MENA region.)

ArabianChain, a public blockchain in the Middle east, is founded by Mohammed Alsehli and Walid Messaoudi. It will have two distinct features: DBIX, a cryptocurrency in the region to enable payments and money transfer, and Thuraya, a soon-to-be launched smart contracts programming language in Arabic. (The investor, Ahmed Abdullah Bugshan, is a board member at the Arabian Bugshan Group with interests in construction, electrical, automobiles, cosmetics, real estate and more. He is also the CEO of the House of Invention International.)

FogHorn Systems is a privately held company founded in 2014 by Mohan Reddy, T.M. Ravi and Kamesh Raghavendra. The company is a leading developer of "edge intelligence" software for industrial and commercial IoT applications. (Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the world's leading integrated energy and chemicals company. They invest globally into early-stage and high growth companies that have strategic importance to its parent, Saudi Aramco.)

Sultan Mohamed Abuljadayel, a 42 years old Saudi national, has acquired stake in the famous British newspaper The Independent for a reported sum of $130 million.

Established in 1986, the Independent was controlled by Tony O'Reilly's Independent & Media from 1997 until Russian oligarch Alexander Lebedev invested in it in 2010. Sultan Mohamed Abuljadayel, 42, listed in company records as a Saudi-based Saudi Arabian national and has acquired up to 50 percent of the Independent. According to Middle East Eye, a source with knowledge of the deal said the investment may be as much as $130 million.

Saudi investment firm SAEV, the corporate venturing subsidiary of Saudi Aramco, has acquired stake in Oxymem, a wastewater treatment firm based in Ireland.

Oxymem solves energy intensive wastewater treatment with a specific solution. Among Oxymem other investors you can also find the Dow Chemical company. (Saudi Aramco Energy Ventures invest globally into early-stage and high growth companies with technologies of strategic importance in oil and gas, petrochemicals, renewables, energy efficiency and water sectors.)